So, did we stick to the budget?
No. We overspent massively due to receiving bonus and paying off debt.
However, our actual spend vs actual income was positive.
Any positives?
Paid off house loan.
Lessons / thoughts?
It's been a while since I updated the monthly spending. It appears that with my work expenses being included, matched betting moving money all over the place and with the recent bonus it's hard to keep an accurate track of the actual spending reality and budgets.
Could do with separating out my expenses and putting a lump aside for matched betting and not moving in and out of main accounts.
Effect on overall finances?
It's been a while since I updated the monthly spending. It appears that with my work expenses being included, matched betting moving money all over the place and with the recent bonus it's hard to keep an accurate track of the actual spending reality and budgets.
Could do with separating out my expenses and putting a lump aside for matched betting and not moving in and out of main accounts.
Effect on overall finances?
S Student loan – Does not exist anymore :)
· House loan – Does not exist anymore :)
· Credit Card - Down to £1,845.
Carpet loan - stands at £2,278.
Carpet loan - stands at £2,278.
Total Debt = £4,123
Wealth Accumulation
Summary:
| Asset |
Value
|
Increase
|
| Pension Value |
£17,033.39
| |
| XO Shares Account |
£52.89
| |
| Company Sharesave. |
£500
| |
| Fidelity Global Index Tracker |
£304.14
| |
| Total |
£17,890.42
|
Wealth excluding pension rising steadily now that I've set up direct debits into the Shares ISA and for the company Sharesave.
Not too far off savings (exc pension) overtaking my debts (exc mortgage).
Great progress! I have just started blogging and notice you do not include your mortgage in your debt or your house value in your wealth. Why is that? I look forward to following your journey :)
ReplyDeleteHey, when I started I focused on immediate debt and accessible wealthy (or lack of it ;). I've slowly started to think more long term and include in my personal monthly data my net worth - which obviously includes mortgage and house value. I guess it provides a more realistic view of the overall finances, will include from now on.
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